The used car market is projected to grow by USD 857.1 billion from 2024-2028, driven by rising competition and new car models, with AI influencing market trends - Technavio [Yahoo! Finance...
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
The market is estimated to grow at a CAGR of almost 7.56% during the forecast period. Increasing number of new models o f cars launched due to high competition is driving market growth, with a trend towards growing demand for car subscription services. However, increasing demand for car-sharing services poses a challenge. Key market players include Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., Autotrader.com Inc., Berman Auto Group, CarGurus Inc., CarMax Inc., Cars24 Services Pvt. Ltd., DriveTime Automotive Group Inc., eBay Inc., Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Global Holdings Inc., Lithia Motors Inc., Mahindra and Mahindra Ltd., Penske Corp., Scout24 AG, Sonic Automotive Inc., Toyota Motor Corp., and TrueCar Inc.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Used Car Market Scope Report Coverage Details Base year Histori
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